CEMENT production in Malaysia is highly concentrated, in which three of the eight cement manufacturers across the country account for about 70% of the production capacity share. Majority of these manufacturers are vertically integrated with readymixed concrete manufacturing, precast concrete products manufacturing, and possess their own building materials’ distribution arm. The industry saw further consolidation when YTL Cement Bhd acquired Lafarge Malaysia Bhd in May 2019, creating a market leader with capacity share of over 60% in Peninsular Malaysia. The biggest concern here is the surge in cement price that will spark a chain reaction in the construction and property development industry, leading to a rise in property prices.
Media Title: The Sun
Date: 2 Aug, 2019